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20130119
20130119
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Search Results 0 to 37 of about 38 (some duplicates have been removed)
will raise the debt ceiling. we are not going to default on our ded debt. two years ago, they were gloating over their debt ceiling hostage strategy. >> no president in the near future, maybe in the distant future, will be able to get the debt ceiling increased without a reignition, reigniting of the same discussion of how do we cut spending and get america headed in the right direction. i expect the next president, whoever that is, will be asking us to raise the debt ceiling again in 2013. we'll be doing it all over. >> today, mitch mcconnell doesn't sound so tough. instead of demanding spending cuts on entitlement reform, here is his new demand. the american people expect the senate to finally pass a budget. this is the new republican leverage. it's a pretty weak hand. don't you think? house republican whip kevin mccarthy was in full spin mode about the new terms of the debt limit fight. >> the senate has never even passed a budget. tts rule of the law that by april 15th, you have to. so, we're saying we will extend the debt limit until the timeline where you have a budget, a road map. so
to cover our tefr sit. in the last ten years alone we've raised the debt ceiling every year with the exception of one. america's concerns about the federal budget deficit and government dysfunction rose high enough in january to actually knock unemployment out of the top spot on gallup's list of most important problems for the first time since 2009. i want to bring in a man who's played a leading role in actually passing budgets through all parts of the budget process. he was the chairman of the house budget committee. jim nuss el guided six budgets through congress, served as the director of the office of budget and management. his nickname is knuckle, which is pretty cool. from 2001 to 2007 you were the house budget chief. today that job belongs to paul ryan. why were we able to get budgets done when you ran things and can't do it anymore? try not to give me a particularly political or partisan answer. >> it's all personal ability, of course, right? no. look. these are good people trapped in a very difficult if not terrible situation. with a process they're not even using
the debt ceiling still have a practical purpose? could it be eliminated without much consequence? >> it has got symbolic value. maybe one or two other countries, but essentially no other countries and the world have this particular institution. the congress appropriates $100, tells the government to spend $100 on whatever, and then it raises $80 in revenue through its tax code. the arithmetic here says, you have to borrow $20. no, congress has to give a third 100-80 = says the 180at 20. logically, there is got to be something to make up the difference. the way to address it is by having a sensible plan for spending, insensible span foplar revenue. as i was saying before, this is like a family saying, we're spending too much. let's stop paying our credit card bill. that is not the way to get yourself in good financial condition. it would be a good thing if we did not have it. i did nothing that is going to happen. -- i do not think that is going to happen. i hope congress will allow the government to pay its bills, not raise the possibility of default. and address the very seriously these fi
on this one. the upcoming debt, certainly, the debt ceiling set the tone, really, for what to expect, we think, for the next four years. the battle over that, already. do you see that as the case? >> well, it's certainly going to be a big challenge, both for the president and for republicans. you're already hearing from republicans that came out of their retreat yesterday, essentially walking back, that they were going to use this debt ceiling pretty much to -- you know, as the democrats like to say, to take the economy hostage, to demand spending cuts. they have backed off of that, looking at some plan to raise the debt ceiling at least for the next three months, to give some time for those talks to happen. and there is a big challenge in coming together, because the president still really feels like absolutely, the debt needs to be focus on, it's a huge issue, big priority, but it needs to be done in a balanced way so that all the spending cuts are not focused on programs for those who are most vulnerable. so we'll see. >> so ana, do you think that the debt ceiling will set the tone between
. they should do the debt ceiling for a whole year. host: so ella, hole on we have a statement from the press secretary saying we are encouraged there are signs the republicans may back off on the insistens of holding our economy hostage to drathsically cut programs and democrats and republicans must pass a clean bill. caller: i heard this. and i heard jay cornyn say that. i know what he said. but they also said that they want a clean debt ceiling. not every three months you're going to have the same thing over again. they want it for a whole year. not this three-month extension. host: jeff this morning off twitter said this is a reasonable offer if the democrats do not accept it he adds nice play, g.o.p. host: republican line? caller: yes, there are two features on this proposed legislative action. they have different levels of support for me. i do support the concept of withholding pay for not having a budget. i mean, not only should the federal government have a law regarding that but i think each individual state should enact a legislative negligence act that if you don't fulfill that res
unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ ♪ gerri: almost exactly one year ago today in this prgram, in this segment we told you about the president hosting a white house event and a chilling viewers he's serious about tackling unemployment. that was his job council. a combination of academics, union reps command ceos. back in unemployment was eight and a half%. today it has fallen. it has fallen, but not far enough. and i would like to tell you that the jobs council is on the case tried to drive us to zero on employment, but the truth is it is not met in the year. the 26-member panel officially known as the president's council on jobs and competitiveness last convened on january 17th 2012. their mission expires at the end of the month unless obam
shellacked. they tried to force the issue using the debt ceiling in 2011 and using the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending in a government -- the government is spending us into penury. but it failed. the reason is, you cannot govern from one house of congress. that is the lesson. that is the truth. i wrote a column this morning saying, you have to recognize you cannot use these things because in the and you will have to cave. will be humiliated, your ratings will be low, as mark indicated, and you will not get the spending cuts anyways. realism has certainly taken over republican leadership, and i do not think that the republican house is going to want to go over the cliff. >> look and what has happened. the president has gone from dealing with the big problem that faces the whole country, to trying to destroy the republican party. is exactly what the public does not want. that is what is happening. we are turning into small, petty brinksmanship. let's see if we could crush the republican party. he has given up on a larger an
with his jobs council? we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal go like a pro. at legal
. >>> in washington tonight, with our latest polling showing the gop at its lowest approval rating in years, there are indications the party is trying to avoid being seen as obstructionist in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing stand tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they hav
in the debt ceiling limit. your bloomberg silicon valley closed lower. and at least seven fox con workers are dead and 20 hurt after two shuttle buses collided in central china fox con says they were transporting workers back home. and this happened in a factory that makes iphones where more than 100,000 people work. dan, carolyn, back to you. have a great weekend. >> you, too. >> heavenly mountain resort opening a giant half pipe. 450 long despite the dementions it's designed for all levels of experience. it's inside one of the three-terrain parks opening at noon. the only one right now on the south shore. >> we're going to duct tape skies to spencer's feet. >> i'd like to see that. >> yes. so that will be get meeg there. >> cold weather, not a fan and the snow. sunny, mild conditions around the bay area. this is our third straight spare the air day. it's a beautiful day. here is a live view looking down on to the bay. clear skies, you can see evidence of haze out there over the pay. in this case there is a build up of particulate matter. it's going to be gorgeous. let's take a look at l
, next week we will authorize a three-month temporary debt ceiling increase. that was the announcement from the majority leader of the house republicans announcing they are giving up on what they had been saying for months was their plan, to not approve an increase in the debt ceiling to thereby push the country again into a self-imposed economic crisis and threat of defaulting on our national debt and all the panic we know that causes because they did it before in 2011. and eric cantore announced today they are not going to do that again even though they had been saying for months that they would. they gave up today on that threat. that's why the vix panic index stopped panicking today. that's the nice kickoff for what should be a nice weekend for the president. the white house unveiled the president's new second portrait. to refresh your memory, this is the first term one. same flag pin, similar blue tie, i guess. lots more gray up top. i don't know why they decided to go from the close cropped i.d. photo look from the first term to the i'm standing here in my office and i'm happy to
the government for the rest of the year. >> well, i am 100% -- look, i do not want to mess with the debt ceiling. i don't want to mess with that. that's a domestic and international global meltdown. so to that extent i agree. i just didn't hear the rest of the story laid out very coherently regarding spending. i didn't hear it from paul ryan, and i didn't hear it from the leaders. and that's the part i don't get. the debt ceiling, three months, whatever. the continuing resolution, that's a little bit in the weeds. but all right. fine. you can work with that. but i didn't hear them say what that was going to mean for spending, either. >> that's a great point, larry. they're not articulating spending cuts enough. but when you have someone like paul ryan at this retreat in williamsburg leading the effort behind the scenes for the short-term extension, he's telling members, especially the skeptical back benchers, that when that cr comes up in a couple months, when that sequester fight comes up and defense cuts in a couple months, house republicans will push for the spending cuts but they don't want
the debt ceiling for three months until april 15. but there's a catch: they say within that time the senate and the house must pass budgets outlining their spending priorities for the year. now, that may not sound very difficult, but as republicans like to point out, senate democrats haven't passed a budget since 2009 and republicans say if they don't do so by april 15 then all members of congress should stop getting paid. >> pelley: but, nancy, why would the republicans abandon their demand for dollar-for-dollar spending cuts in exchange for raising the limit? >> well, in part they were worried about getting the blame if there was a default. this way they shift the burden to senate democrats to come up with a budget and they can still call for more spending cuts in three months when this comes up again. in the meantime, everyone gets a bit of breathing room which is why the white house may not have shot down the plan today-- even though they, of course, prefer a long-term extension of the debt ceiling, not just three months. >> pelley: nancy, thanks. president obama is about to begin his s
and debt ceil job creation . will we see a different leadership style in his second term? >> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans are responsive to what the american people voted for and public opinion is . you will see a lot of the ground support in the weeks ahead. >> let me ask you a question. what about the divide that remains between the president and republicans? will he make more of an effort to find common ground? >> i think the president certainly has done an outreach on both sides of the aisle and on issue after issue, he's willing to put a traditional democratic party orthodoxy to pass it in a bipartisan way. this ultimately is a bipartisan organization that seeks support from both sides . the president is not going to abandon his core
year since he's been in office. now she demanding the get ceiling to be increased again. do you think he will be listen to the 69% that say only after major cuts? >> he already said he doesn't think anything should be tied to the debt ceiling. it's something you shouldn't play with the full faith and credit of the united states. what is interesting about this, coming out of the republican retreat that just occurred, there are some republicans within the republican house, republican caucus who actually agree with him on the sense that you don't play with the debt ceiling as the point to which to make cuts. there are other issues coming up like the continuing resolution and sequester cuts where they would like to make their last stand there for cutting getting spending cuts and allow on temporary extension without not much attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are w
will not negotiate around the debt ceiling. you know, we're not going to play the same game that we saw happen in 2011. so we're not going to do that. but i will not negotiate around the debt ceiling. we're not going to do that again. >> as i said earlier this week, one of the things i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. >> what i will not do is to have that negotiation with the gun at the head of the american people. that's not how we're going to do it this time. >> this evolution in the president's strategy for dealing with republicans and recognizing their strategy against him and knowing what he can and cannot expect to get out of them. on the last business day of his first term, it paid off today. and them giving up their demand that he needed to negotiate with them on the debt ceiling. today they recognized that they were not going to get that. and today the republicans caved. and the vix was very happy. at this point, the republicans are still trying to hand contingencies on this. they're still trying to say, they'
in the debt ceiling would enable them to come to some sort of a deal not without caveats on spending. turk turk tied to. the budget. the senate hasn't in three years. unless the senate comes up with a budget by april 15th. no more pay for members of congress. which might be a stimulus of its own kind. >> alisyn: there is a new fox news poll about how americans are feeling about this. all of our budget battles. here is the question we asked. is government spending being managed carefully or out of control? not surprisingly now 83% of you say that it is out of control verses just 11% who say it's managed carefully and those numbers have become more extreme in the past two and three years. >> here is another big question we asked you fox news poll should the debt limit be raised again? of course it's been raised every year. the majority of you said only after major cuts are put in place. 69%. yes, it would be reckless not to raise the debt ceiling. >> which of course is president obama's position, 23% one there because he says this is like we have run up our credit card bill. this is like not
conversation in washington, i think basically since mid 2011 when we had the last debt ceiling showdown, has been about the long-term budgetary projections of the united states and the actuarial peril we face in vis-a-vis particularly medicare, right, in the out years. now, a few things i would say is, first, the projections of medicare solvency right now about 11 years is right exactly at the mean for the lifetime of the medicare trust fund, always around 11 or 12 years. it is right in the middle. it is not like it is some horrible look forward but was actually extended by the affordable care act right? but given the fact the republicans seem intent on there is the budget control act and now they seem intent on trying to push changes to american social insurance programs, my sense is what republicans want to do is get you guys to vote for cuts to these programs that are very popular. >> oh, yes. >> and then turn around and run to people in your districts against you. >> that's right. >> because you did that. >> spot on. >> i'm going to challenge you not just popular. these are programs that
Search Results 0 to 37 of about 38 (some duplicates have been removed)

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